PNC's Blunt Incoming CEO

Demchak's Candor, Analytical Skills Are Noted; Business Focus is Southeast

By

Matthias Rieker

Feb. 18, 2013 5:26 p.m. ET

William Demchak, tired of Wall Street, left a lucrative job at J.P. Morgan Chase & Co.'s investment bank more than 10 years ago and joined PNC Financial Services Group Inc., a much smaller commercial bank recovering at the time from a run-in with regulators.

He hasn't looked back.

In 2002, J.P. Morgan "wasn't a terribly enjoyable place to work," Mr. Demchak said in a telephone interview while touring Florida...